There are many advantages of a dual-key property, two incomes from one property the most obvious.
Dual-key properties have long been favoured by smarter property investors, chasing higher returns than stand alone properties.
Dual-key properties are cheaper to build than duplexes, which are more costly per square metre to build and have higher council costs and strata titling.
Dual-key properties are usually a house on one side, with a unit on the other.
The configuration could be something like 3 or 4 bedrooms on one side and 1 or 2 bedrooms on the other side.
The dwellings are separated by a fire wall but cannot be strata titled.
This means no body corporate fees and only one set of rates, as councils view the construction to be that of a normal house.
The advantages to investors:
• A higher yield for you now
• A higher yield that will appeal to another savvy investor when you want to exit.
• Investors can live in one side and rent out the other to help pay for the mortgage
• RealRenta will create separate rental ledgers for each side of the property, as they are listed as separate addresses.
Use RealRenta for Free for up to 2 months now and you NEVER hand over your investment income to a property manager ever again.
Saturday, 2 February 2019